3,597 Shares in Tyler Technologies, Inc. $TYL Acquired by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,597 shares of the technology company’s stock, valued at approximately $1,882,000.

Other large investors have also made changes to their positions in the company. Beirne Wealth Consulting Services LLC purchased a new position in shares of Tyler Technologies during the third quarter worth $345,000. NEOS Investment Management LLC grew its position in Tyler Technologies by 87.8% during the 3rd quarter. NEOS Investment Management LLC now owns 1,095 shares of the technology company’s stock worth $573,000 after purchasing an additional 512 shares during the period. Merit Financial Group LLC raised its stake in shares of Tyler Technologies by 134.8% during the 3rd quarter. Merit Financial Group LLC now owns 1,937 shares of the technology company’s stock valued at $1,013,000 after buying an additional 1,112 shares during the last quarter. Summitry LLC lifted its holdings in shares of Tyler Technologies by 34.8% in the 3rd quarter. Summitry LLC now owns 570 shares of the technology company’s stock valued at $298,000 after buying an additional 147 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after buying an additional 234,916 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TYL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a report on Friday, January 9th. TD Cowen lowered their price objective on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Oppenheimer cut their target price on shares of Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $543.00 target price (down from $671.00) on shares of Tyler Technologies in a research note on Friday, February 13th. Finally, Evercore reissued a “positive” rating on shares of Tyler Technologies in a report on Friday, October 31st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $467.54.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total value of $469,080.00. Following the sale, the chief financial officer directly owned 12,781 shares of the company’s stock, valued at $5,995,311.48. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Glenn A. Carter sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director owned 3,172 shares of the company’s stock, valued at $1,455,091.56. The trade was a 13.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,500 shares of company stock worth $1,605,605. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Performance

NYSE:TYL opened at $319.57 on Friday. The stock has a market capitalization of $13.75 billion, a PE ratio of 44.39, a P/E/G ratio of 2.12 and a beta of 0.91. Tyler Technologies, Inc. has a fifty-two week low of $283.71 and a fifty-two week high of $641.77. The company has a fifty day moving average of $411.80 and a two-hundred day moving average of $479.42.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.07). Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The company had revenue of $575.18 million for the quarter, compared to analysts’ expectations of $591.09 million. During the same period in the prior year, the firm earned $2.43 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.